In an unsettling forecast shared on CNBC’s “Closing Bell”, Jeffrey Gundlach, the double-edged sword of the fixed income universe, has issued a stark warning: brace yourself for another storm of volatility. A self-proclaimed harbinger of financial upheaval, he boldly asserts a chilling 50% to 60% likelihood of recession striking in the coming months. This isn’t
Finance
In a stark move that underscores the pressures facing traditional banking, Banco Santander’s UK arm announced that 750 employees are at risk due to 95 planned branch closures. This initiative is part of a sweeping transformation aimed at recalibrating the bank’s presence in the UK by June 2025. The reduction will leave Santander with a
In a shocking revelation from the March CNBC Fed Survey, a substantial shift in economic sentiment has raised the risk of recession to a staggering 36%, up from just 23% just two months ago. This marks the highest level of concern we’ve seen in half a year. Interestingly, the once dominant issue of inflation has
In a shocking twist for consumers burdened by exorbitantly high grocery bills, wholesale egg prices have plummeted by 44% in a matter of weeks, dropping to $4.83 per dozen from a staggering peak of $8.58 on February 28. This development might offer a glimmer of hope for shoppers who have faced dire price hikes, yet
In a recent interview, Treasury Secretary Scott Bessent issued a stark warning: the unprecedented levels of government spending amidst the Trump administration could be a ticking time bomb for the economy. Sitting down with NBC’s “Meet the Press,” Bessent stressed a critical point that transcends party lines—financial responsibility is paramount, and the current trajectory is
Goldman Sachs Asset Management has just launched an intriguing new vehicle aimed at investors seeking to safeguard against the tumultuous market landscape. The Goldman Sachs U.S. Large Cap Buffer 3 ETF is being marketed as a protective solution during uncertain times, but is it really the beacon of security that the firm claims? With geopolitical
In a rapidly evolving entertainment landscape, the announcement by Chinese video streaming giant iQiyi to unveil “iQiyi Land,” its inaugural full-scale theme park, reflects a remarkable pivot towards experiential entertainment. Set to open in the historic city of Yangzhou, Jiangsu, this venture symbolizes more than just a theme park; it encapsulates a dynamic response to
In an era characterized by palpable distrust in federal institutions, particularly within the realm of consumer protection, New York’s Attorney General Letitia James has unveiled a bold initiative aimed at safeguarding the state’s residents from unscrupulous business practices. The bill, known as the Fostering Affordability and Integrity through Reasonable Business Act (FAIR Business Practices Act),
The recent resurgence in China’s venture capital scene can largely be attributed to DeepSeek’s groundbreaking artificial intelligence innovations. After three consecutive years of decline, signaling a crucial pivot point, the excitement surrounding this tech development has sparked an overwhelming interest among investors. The stark contrast between the prevailing skepticism and the renewed optimism encapsulates a
In an unexpected twist in the financial landscape, mainland Chinese investors have taken a bold step, injecting a staggering 29.62 billion Hong Kong dollars (approximately $3.81 billion) into Hong Kong’s stock market. This represents an unprecedented level of enthusiasm for a market that had witnessed its share of challenges. As the Hang Seng Index hovers